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i safari File Edit View History Bookmarks Window Help -es , 48%) > * )) Tue Jun 19 7:21 PM Alex C ezto.mneducation.com Home - alamo.edu Chapter 8 Exercises value: 6.66 points Croy Inc. has the following projected sales for the next five months: Sales in Units 3,560 3,895 4,520 4,175 3,920 Month April May July August Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.00 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Raw materials on hand at March 31 totaled 3,761 pounds. 1. Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answer to the nearest whole number.) April May June Budgeted Production (Units) 2. Determine the budgeted cost of materials purchased for April, May, and June. (Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places.) May June Budgeted Cost of Material Purchased 19 popcorntime ap

Explanation / Answer

1) Budgeted production :

2) Budgeted cost of material purchased :

April May June Sales units 3560 3895 4520 Add; Desired ending inventory 2337 2712 2505 Total 5897 6607 7025 Less; Beginning inventory -2136 -2337 -2712 Budgeted production (units) 3761 4270 4313

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